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Southridge Enterprises Acquires Industrial Plant

DALLAS, TX -- (MARKET WIRE) -- October 9, 2006 -- Southridge Enterprises, Inc. (OTCBB: SORD) (the
"Company") today announced that Southridge Environmental, Inc., its wholly
owned subsidiary, has closed on the purchase of an industrial plant
facility located in Quitman County, Mississippi. The incentives offered by
the Quitman County Economic Development Council and the State of
Mississippi, along with the operational and logistical benefits of the
region, were instrumental factors for the Company to locate its planned
ethanol plant in this facility. This ethanol plant will create a
significant economic benefit and many jobs for Mississippi.

The plant is situated on 37 acres strategically located in the northwest
region of the state, which is in the lower portion of the Mid-West corn
belt, enabling inexpensive and abundant access to the corn supply. Adjacent
to the facility is the largest rail line by volume in the U.S., providing
the Company with immediate and direct access to world markets. Access to
this rail line allows for the import of raw materials and the export of our
ethanol and co-products via our 144,000 sq.ft. concrete rail loading dock
on site, built specifically for large scale operations like Southridge.
With this infrastructure, the Company has access to 15 grain elevators and
5 oil refineries within the State of Mississippi ensuring consistent
delivery of raw material and distribution of finished products. An
additional logistical benefit of the facility is its proximity to the
Mississippi River, allowing for raw material and finished product to be
shipped by barge and delivered a short distance to and from the facility.
By having both of these logistical options, Southridge is in an advantaged
position to be a competitive ethanol producer.

The facility has a 76,000 sq.ft. industrial structure that will be
converted to house equipment for ethanol production. By utilizing the
pre-existing structure and modifying it rather than undertaking new
construction, Southridge is able to save millions in costs and years in
time. The plant has 10,000 sq.ft. of office and administration space which
is to be used for the Company's research and development laboratory.
Another benefit of the site is the water tower and auxiliary water tank
ensuring abundant water supply, which is vital in the production of
ethanol.

The President of the Company, Mr. Alex Smid, said, "I am extremely excited
about the new facility in Quitman County and believe it will be the core
foundation from which to build enormous shareholder value. We aspire to be
the fastest growing ethanol producer in the southern U.S.," and, "We
appreciate the cooperative business environment of Quitman County and the
State of Mississippi and look forward to a bright and prosperous future
together."

ABOUT SOUTHRIDGE ENTERPRISES, INC.

Southridge Enterprises is a renewable energy company with a mission to
become the ethanol producer of choice in the southeastern region of the
United States. The Company is focusing its efforts in an area which offers
abundant supplies of corn, superior transportation infrastructure and
expedited permitting processes. The Company is actively acquiring and
developing ethanol production facilities with a planned capacity of 60
million gallons per year and anticipates start-up of the first phase of
these operations in 2007. Southridge Enterprises is headquartered in
Dallas, Texas. For more information, please visit our website:
www.southridgeethanol.com

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is
defined in Section 27A of the Act and Section 21E of the Securities
Exchange Act of 1934. Statements in this press release, which are not
purely historical, are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding
the future. Such forward-looking statements include, among other things,
closing of the acquisition of an ethanol plant in Saskatchewan, its
relocation to a facility in the southern United States and any future
ethanol production.

Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with the development of an early stage
company in the alternative energy industry, its products and the entry into
new markets for such products. These forward-looking statements are made as
of the date of this news release, and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although the Company believes that the beliefs, plans,
expectations and intentions contained in this press release are reasonable,
there can be no assurance those beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consider all of the information
set forth herein and should also refer to the risk factors disclosed in the
Company's current and periodic reports filed from time to time with the
Securities and Exchange Commission.

On behalf of the Board of Directors,
Southridge Enterprises, Inc.
Alex Smid, President and Director